Summary Box: Stocks fall as debt talks drag on

NO DEAL: House Republicans were unable to pass a bill that would raise the nation's debt limit before the market closed Friday. Investors are now hoping that Congress and the White House will reach a compromise over the weekend to avert a default on U.S. government debt.

DISMAL GDP: The government reported early Friday that economic growth slowed in the first half of the year to its weakest pace since the recession ended two years ago.

INDEXES: The Dow fell 96.87 points, or 0.8 percent, to close at 12,143.24. The S&P 500 index lost 0.6 percent to 1,292.28. The Nasdaq fell 0.4 percent to 2,756.38